Analysis of Long-term (Investment) Activity Ratios
Activity ratios measure how efficiently a company performs day-to-day tasks, such us the collection of receivables and management of inventory.
Long-term Activity Ratios (Summary)
Occidental Petroleum Corp., long-term (investment) activity ratios
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
| Long-term activity ratio | Description | The company |
|---|---|---|
| Net fixed asset turnover | An activity ratio calculated as total revenue divided by net fixed assets. | Occidental Petroleum Corp. net fixed asset turnover ratio improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023 not reaching 2021 level. |
| Net fixed asset turnover (including operating lease, right-of-use asset) | An activity ratio calculated as total revenue divided by net fixed assets (including operating lease, right-of-use asset). | Occidental Petroleum Corp. net fixed asset turnover ratio (with operating lease, right-of-use asset) improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023 not reaching 2021 level. |
| Total asset turnover | An activity ratio calculated as total revenue divided by total assets. | Occidental Petroleum Corp. total asset turnover ratio improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023 not reaching 2021 level. |
| Equity turnover | An activity ratio calculated as total revenue divided by shareholders’ equity. | Occidental Petroleum Corp. equity turnover ratio deteriorated from 2021 to 2022 and from 2022 to 2023. |
Net Fixed Asset Turnover
Occidental Petroleum Corp., net fixed asset turnover calculation, comparison to benchmarks
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Net sales | 28,257) | 36,634) | 25,956) | 17,809) | 20,393) | |
| Property, plant and equipment, net | 58,529) | 58,384) | 59,930) | 65,889) | 80,469) | |
| Long-term Activity Ratio | ||||||
| Net fixed asset turnover1 | 0.48 | 0.63 | 0.43 | 0.27 | 0.25 | |
| Benchmarks | ||||||
| Net Fixed Asset Turnover, Competitors2 | ||||||
| Chevron Corp. | 1.28 | 1.64 | 1.06 | 0.60 | 0.93 | |
| ConocoPhillips | 0.80 | 1.21 | 0.71 | 0.47 | 0.77 | |
| Exxon Mobil Corp. | 1.56 | 1.95 | 1.28 | 0.78 | 1.01 | |
| Net Fixed Asset Turnover, Sector | ||||||
| Oil, Gas & Consumable Fuels | 1.24 | 1.59 | 1.03 | 0.63 | — | |
| Net Fixed Asset Turnover, Industry | ||||||
| Energy | 1.29 | 1.63 | 1.07 | 0.67 | — | |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
1 2023 Calculation
Net fixed asset turnover = Net sales ÷ Property, plant and equipment, net
= 28,257 ÷ 58,529 = 0.48
2 Click competitor name to see calculations.
| Long-term activity ratio | Description | The company |
|---|---|---|
| Net fixed asset turnover | An activity ratio calculated as total revenue divided by net fixed assets. | Occidental Petroleum Corp. net fixed asset turnover ratio improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023 not reaching 2021 level. |
Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset)
Occidental Petroleum Corp., net fixed asset turnover (including operating lease, right-of-use asset) calculation, comparison to benchmarks
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Net sales | 28,257) | 36,634) | 25,956) | 17,809) | 20,393) | |
| Property, plant and equipment, net | 58,529) | 58,384) | 59,930) | 65,889) | 80,469) | |
| Operating lease assets | 1,130) | 903) | 726) | 1,062) | 1,385) | |
| Property, plant and equipment, net (including operating lease, right-of-use asset) | 59,659) | 59,287) | 60,656) | 66,951) | 81,854) | |
| Long-term Activity Ratio | ||||||
| Net fixed asset turnover (including operating lease, right-of-use asset)1 | 0.47 | 0.62 | 0.43 | 0.27 | 0.25 | |
| Benchmarks | ||||||
| Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Competitors2 | ||||||
| Chevron Corp. | 1.24 | 1.59 | 1.03 | 0.59 | 0.90 | |
| ConocoPhillips | 0.79 | 1.20 | 0.70 | 0.46 | 0.75 | |
| Exxon Mobil Corp. | 1.51 | 1.89 | 1.24 | 0.76 | 0.98 | |
| Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Sector | ||||||
| Oil, Gas & Consumable Fuels | 1.20 | 1.55 | 1.01 | 0.62 | — | |
| Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Industry | ||||||
| Energy | 1.25 | 1.58 | 1.04 | 0.65 | — | |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
1 2023 Calculation
Net fixed asset turnover (including operating lease, right-of-use asset) = Net sales ÷ Property, plant and equipment, net (including operating lease, right-of-use asset)
= 28,257 ÷ 59,659 = 0.47
2 Click competitor name to see calculations.
| Long-term activity ratio | Description | The company |
|---|---|---|
| Net fixed asset turnover (including operating lease, right-of-use asset) | An activity ratio calculated as total revenue divided by net fixed assets (including operating lease, right-of-use asset). | Occidental Petroleum Corp. net fixed asset turnover ratio (with operating lease, right-of-use asset) improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023 not reaching 2021 level. |
Total Asset Turnover
Occidental Petroleum Corp., total asset turnover calculation, comparison to benchmarks
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Net sales | 28,257) | 36,634) | 25,956) | 17,809) | 20,393) | |
| Total assets | 74,008) | 72,609) | 75,036) | 80,064) | 109,330) | |
| Long-term Activity Ratio | ||||||
| Total asset turnover1 | 0.38 | 0.50 | 0.35 | 0.22 | 0.19 | |
| Benchmarks | ||||||
| Total Asset Turnover, Competitors2 | ||||||
| Chevron Corp. | 0.75 | 0.91 | 0.65 | 0.39 | 0.59 | |
| ConocoPhillips | 0.59 | 0.84 | 0.51 | 0.30 | 0.46 | |
| Exxon Mobil Corp. | 0.89 | 1.08 | 0.82 | 0.54 | 0.70 | |
| Total Asset Turnover, Sector | ||||||
| Oil, Gas & Consumable Fuels | 0.76 | 0.94 | 0.68 | 0.43 | — | |
| Total Asset Turnover, Industry | ||||||
| Energy | 0.76 | 0.93 | 0.67 | 0.44 | — | |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
1 2023 Calculation
Total asset turnover = Net sales ÷ Total assets
= 28,257 ÷ 74,008 = 0.38
2 Click competitor name to see calculations.
| Long-term activity ratio | Description | The company |
|---|---|---|
| Total asset turnover | An activity ratio calculated as total revenue divided by total assets. | Occidental Petroleum Corp. total asset turnover ratio improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023 not reaching 2021 level. |
Equity Turnover
Occidental Petroleum Corp., equity turnover calculation, comparison to benchmarks
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Net sales | 28,257) | 36,634) | 25,956) | 17,809) | 20,393) | |
| Stockholders’ equity | 30,250) | 30,085) | 20,327) | 18,573) | 34,232) | |
| Long-term Activity Ratio | ||||||
| Equity turnover1 | 0.93 | 1.22 | 1.28 | 0.96 | 0.60 | |
| Benchmarks | ||||||
| Equity Turnover, Competitors2 | ||||||
| Chevron Corp. | 1.22 | 1.48 | 1.12 | 0.72 | 0.97 | |
| ConocoPhillips | 1.14 | 1.64 | 1.01 | 0.63 | 0.93 | |
| Exxon Mobil Corp. | 1.63 | 2.04 | 1.64 | 1.14 | 1.33 | |
| Equity Turnover, Sector | ||||||
| Oil, Gas & Consumable Fuels | 1.38 | 1.73 | 1.35 | 0.92 | — | |
| Equity Turnover, Industry | ||||||
| Energy | 1.39 | 1.73 | 1.36 | 0.95 | — | |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
1 2023 Calculation
Equity turnover = Net sales ÷ Stockholders’ equity
= 28,257 ÷ 30,250 = 0.93
2 Click competitor name to see calculations.
| Long-term activity ratio | Description | The company |
|---|---|---|
| Equity turnover | An activity ratio calculated as total revenue divided by shareholders’ equity. | Occidental Petroleum Corp. equity turnover ratio deteriorated from 2021 to 2022 and from 2022 to 2023. |